Interest-bearing instrument of obligation.



C. M. FAITHFULL.

INTEREST BEARING INSTRUMENT 0F OBLIGATION. APPLICATION FILED MAY 4, 1911. RENEWED APR. 27. I9I5.

l 141,452. Patented June 1, 1915.

4 SHEETS-SHEET I.

/zz Ii El' I I10 *f/Mfg@ THE NoRRlS PETERS Co.. PHOTD-L|THO., WASHINGTON. D. r

C; IVI. FAITHFULL.

INTEREST BEARING INSTRUMENT 0F OBLIGATION.

APPLICATION FILED MAY 4, 191|. RENEwED APR. 27, 1915.

l $141,452@ Patented June 1, 1915.

` 4 SHEETS-SHEET 2.

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INTEREST BEARING INSTRUMENT 0F OBLIGATION.

APPLICATION FILED MAY 4, 19II. IIEIIEwED APR. 27, 1915.

I. 9 141 ,452. Patented June 1, 1915.

4 SHEETS-SHEET 3.

25.00 10.00 mo 26,25 IOJO Lol TH E NORRIS PETERS Co.. PHDTOvLlTHO.. WASHINGTON, D. C

RENEWED APR. 27.1915.

jw mf/ C. NI. FAITHFULL.

INTEREST BEARING INSTRUMENT 0F OBLIGATION. APPLICATION man MAY 4, 19H.

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ofc cou www@ HE NURRIS PETERS CO. PHOTO-LIYHO.. WASHINGTON. D. C.

CLARENCE IVI. FAITHFULL, OF LIBERTY, MISSOURI.

INTEREST-BEARING INSTRUMENT OF OBLIGATION.l

trainee.

Specification of Letters Patent.

Fatented J une 1, 19715.

Application `filed May 4, .1911, Serial No. 625,001. Renewed April 27, 1915. Serial No. 24,345.

T all whom t1/Lay concern Be it known that I, CLARENCE M. FAITH- rULL,'a citizenof the United States of America, residing at Liberty, in the county of Clay andV State of Missouri, have invented Y certain new and useful Improvements in Inthroii(r teres't-Bearing Instruments of Obligations, of which the following is a specification.

v This invention. relates to generalnegotiable interest-bearing instruments of obligations and i more-particularly to what Vis termed a negotiable certificate of deposit and has for its object to provide a certificate of deposit in a manner as hereinafter set forth which may be issuedfor any one or a number of amounts and whichois provided withmeans in a manner as hereinafter set forth which will automatically calculate or add the interest for a given length of time, or from one given interest date or period to another given. interest date or period. `Although the invention is designed to be used as a certiiicate of deposit, yet it is to be understood that it can be used for any purposes wherein itis found applicable.

Y The principal object of the invention isto provide an instrument of the foregoingtype with means in a manner as hereinafter set forth `adapted when occasion so requires to indicate the interest for a given length of time, the interest indication or indicia appearing in proximity to the amount of the principal so it can be quickly added to the principal, or the indication being such as to include the interest and principal.

Vith the foregoing and other objects in view, the invention consists of the novel construction and arrangement` of interest bearing instruments as hereinafter more specifically described and illustrated in the accompanying drawings, wherein is shown embodiments of the invention, but it is to be understood .that changes,V variations and modifications can be resorted to which Vcome within the scope ofthe claims hereunto appended.

InA the drawings, wherein like reference characters denote corresponding parts throughout the several views: Figure 1 is a front view of an interest-bearing instrument in accordance with this invention. Fig. 2 is a front view of the instrument folded show- V ing the interest ,indication or indicia exposed g the instrument and Vin proximity to the principal. Fig. 3 is' a rear'viewl of the instrument broken away. Fig. .4 isa front view of a modified form of interest-bearing instrument in accordance with this invention. Fig. 5 is afront view of the form shown in Fig. 4 folded and with the indication or indicia indicating the amount of principal and interest exposed through the instrument and in proximity to the amount of the principal. Fig. 6 is a rear view broken away of the form shown in Fig. 4. Fig. 7 is a front view of another modified form of interest-bearing instrument in accordance with this invention. Fig. 8 is a front view of the form shown in Fig. 7 folded and with the indication or indicia indicating the amount of principal and interest exposed through the instrument and in proximity to theamount of the principal. Fig.

9V is a rear view shown 1n Fig. 7. another brokenaway of the form n Fig. 10 is a front view of modified form of interest-bearing instrument in accordance with this inven- `the amount of principal exposed through the ipstrument in proximity to the amount of tie broken away of the front section of the instrument illustrating the means for indicatin the amount of interest for each coupon.

l:eferring to Figs. l, 2, and 3 of the drawings, 10 denotes the body-portion of the certificate having its front face provided with means as at 11 to indicate the name of the issuing bank, and an inscription as at .i2 certifying thata depositor has deposited a certain sum of money which is payable upon the surrender of the certificate with interest at the rate set up by the issuing bank. The inscription 12'has arranged therein blank spaces 13 and 14 for the name of the depositor and theamount respectively. By way of "example, the rate of interest is set forth at 4% computed quarterly fromthe date of issue of the certificate, but it is to be understood that any desired rate can be employed. Below the inscription 12 an appropriately-designated space 1 5 is provided for the signature of the cashier and also below the inscription 12 an appropriatelydesignated space 16 is provided for the signature of the depositor. The front of the body-portion 10 to one side of the inscrip` tion 12. is provided 'with a column of spaces' principal, and, Fig. 18 is a rear view particular, that when the number of months amount ,for which the certificate can4 be Ydesignate that the amount Vfor which the certificate is issued is to be punched in the associating space 19. Above the inscription 21 a suitably-.designated opening 22 is arranged through Which is adapted to beexposed the end of the interest period When the interest is to be computed. "The opening 20 associates With the opening 22 in this or-end. of the interest period is exposed through the opening22, the amount ofin'- teresty is exposed through the' opening 20 at the side of the amount for which the certificate is issued. The front of the body-por tion`10 at one end is provided with an inscription as at23 indicating houT the certifi- .catc is to be manipulated so that the amount of accrued interest will appear through the openingl 20 at the side lof the amount, for which the certificate is issued.V VThe back of the body-portion 10 is provided With interest scales 24 Which associate With the amounts, $1.00, $5.00, $19.00, and $25.00, but

it is obvious that the scale can be changed:

'to associate with anyvamount for Which the certiiicate isissued. The back of the body-` Aportion 10 is` also provided with indicia las at 25 for indicating the interest periods, these latter being complemental to the indications of each interest scale 24. v

rlhe formas shown in Figs. 45 and 6 of vthe drawings is for usewhere there'are regular interest periods and is provided with means for indicating full value of a certil signature of the cate at the end of a given interest period. Referring to said figures, Vthe body-portion of the certiiicate Vis indicated as at 26 and which has its front provided with the naine -ofthel bank issuing the certificate as at 27,

aninscription asV at 28 certifying to the amountdeposited, and also including the rate of interest, the inscription 28 is pro'- vided with a blank space 29 for the name of the Vdepositor and a blank space 30 for the reception of the amount for Which the cer- The front of the body-y tiiicate is issued. v

formed with` va suitablyportion V26 is Aalso designated space cashierof; thebanl and an appropriatelydesignated space 32 for the reception of the depositor. Below the inscription 28 is an inscription 33 for indicating the manner in Whichthe certificate isto begmanipulated so` as to indicate the full value Athereof at algiven interest-period. Y To one side of the inscription `28 a column of ,espaces 34 is -provided,'each of which con- 31 for the name of they tains an amount for which the certificate may be issued as at 35. At'the side of the j column Vof spaces 34 a column of spaces 36 is provided, each of which is adapted to be Ypunched to provide an opening-37 at the side of and to designate .the amount for which the certica'te is issued. Above the columns of spaces 34 and 36is an inscription H372L to designate for what purpose the said columns of spaces are'utilized. Above the inscription 37 is an appropriately-designated column of dates'3'8, with either'one of Y Vwhich is adapted to associate anotch39 to Vindicate the beginning of the interest period.

ascertain the value of the certificate at a' given Y interest period, the date of the last interest period islexposedthrough the notch 39 and the full yvalue, of thecertificateis exposed through the opening` 37 The'back of the body-portion 26 is provided with scales 42 :for setting forth the full value ofthe` certii# cate at the end of a Vgiven interest period, e

"by, Wayof example, the certificate is Vshown as to be issued for the/,amount of $1.00,

$10.00, @$25.00 and a scale'42 associatesl Vwith each of'saidy amounts, `but it is to be understood that the certiicate can Vbe issued lfor any amount desired and thefscales 42 will be changed accordingly. The back of the body-portion 26 is also provided as at 43' with means toV constitute a seriesofreguf lar i interest periods Which are Y'exposed IV- ythrough the notch 39 When-thecertiicateis folded; and Whichare complementaltothe indications of each interest scale 42.

Referring to Figs. 7, 8,and 9 of the draw# ings, the form of certificate set forth is the same as that shown in Figs. 4, 5,and G'ivith the exception that one end edge is utilized When the certificate is folded to be positionedwat the last interest periodand at Ythe Vamount to indicatethe interest andprincipal. The body-portionfisY indicatedibyfthe reference character 44 and the said edge by the reference character 45.` The date/ef the instrument'. is checked as at 46 and the vamount ofthe principalis also checlredas at 47. i The rear face ofthe body-portioniis provided with a seriesV of. interest bearing datesv as at 48. In Fig. 8, the instrument isV shown folded to the interest bearing period, Y'

October, 1911. The face lvalue txt.- themstrumentis$10.00.V Itvvill. appear upon the "i backof the instrument whenA folded intheV position "shown infFig. V8 that the edge 45 4at Y VVthe interest bearing dateOctober, 1911th'at v ,Y Y,

the amount of the instrument.

the amount of interest and principal will be $10.30.

With the form shown in Figs. 10 to 13 both inclusive, the body-portion is constructed of a front section and a rear section 51. The front section has its front face provided with means to indicate the name of the issu-4 ing bank, and an inscription certifying that the depositor has deposited a certain sum of money which is payable upon the surrender of the certificate properly indorsed with all unmatured coupons attached, the interest being at the rate set up by the issuing bank. The inscription has arranged therein blank spaces for the name of the depositor and By way of example, the rate of interest is set forth at 4% computed quarterly from the date of issue ofthe certificate, but it is to be understood that any desired rate can beemployed. The inscription is referred to `generally by the reference character 52. scription 52 an appropriately designated space 53 is provided for the signature of the cashier and below the inscription is an appropriately designated space 54 for the signature of the depositor. r.The front ofthe section 50 ftoone side of the inscription 52 is provided with a column of spaces 55, in each'of which is arranged as at 56 an amount for which the certificate can be issued and to one side of the spaces 55 is arranged a column of spaces 57, these spaces 57 being in alinement with the spaces 55 and each of which is adapted to be-punched as at58 to designate the amount for which the certificate has been issued. Above the indicationsV 56 is an inscription 59, to designate that the iamount for which the certificate is issued is to be punched in the associating space 57. The front of the section 50 is provided with an inscription60 indicating where the value of each interest coupon is shown. The rear Vface of the section 50 is provided with two 45v rows'of spaces, one indicated by the reference character 61 and the other by the reference character 62. The spaces 61 associate Y with the spaces 57v and in each of the spaces 62 is arranged an interest amount as atv63.

The spaces- 62 Vassociate with the spaces 55 and the interest amounts 63 associate`.with the amounts 56 for which the certificates are issued.' Below the spaces`62 is arranged an inscription 64 which is explanatory with respect to the interest amount 63. lVhen one of the spaces57 is punched, one of the spaces 61 is punched. `When one of the spaces-57 is punched, it indicates the amount for Awhich i the certificate is issued and at the same time .value of theV punching,V simultaneously indicates Vthe the interest coupon. The section 50 is furthermore provided with an opening 65 throughwhich is adapted to be exposed the number of months passed since the-date of issuev of the certificate. -Below the inscrip- Below the intion l5 through said lThe certificate is for $10.00 and tion 52 and on the front of the section 50 is an inscription 66 indicating how the certificate is to be manipulated so that one can find the value of an interest coupon. The inner face of the section 51 is provided with four interest coupons, indicated at 67, 68, 69, 70, each provided with interest bearing indicia as at 71, so that the value of the coupon can be indicated. The interest bearing indicia is similar to that as disclosed at 61, 62, and 63 upon the inner face of the section 50. The value of eachcoupon is indicated by a suitable checl mark as at 72 and which corresponds to the amount indicated at 62 upon the inner face of the section 50. Each of the coupons is provided with an interest period as at 73.

ByV reference to Fig. 12, it will be observed that the section 50 has been folded so that the opening 65 vwill have exposed therethrough the Vinterest period 6 and the value of the coupon which is 50c will appear through the opening 58.

Any one cashing the coupons will check the value of the coupons in the space providpd above the amounts on the coupons as at 2.

In Figs. 2, 5, and 8, the body-portion of the certificate is shown folded, in Fig. 2, the accrued interest being exposed through the opening' 20, in Fig. 5 the full value of the certificate exposed through the opening 37, and in Fig. 8, the full value of the certificate being set forth in proximity to the edge 45.

It will be assumed that one desires to ascertain the amount of interest due at the expiration of fifteen (15) months upon a certificate issued for $25.00. The body-portion of the certificate would be folded upon itself so that the indication 15 would be exposed through the opening 22 and simultaneously with the exposing of the indicaopening 22, $1.25 would appear through the opening 20,-this would indicate to the owner of the certificate that the Vexact amount was $1.25, making the full value of the certificate $26.25.

YIt will be assumed that the form of certicate shown inF ig. 4 is issued for $1.00' for a given linterest lperiod and that the owner of the certificate desires to ascertain .what the value of the certificate is, say by way of example, on Oct. 1, 1911,'the certificate bearing interest from Jan. 1, 1911. n folded back until the indication Oct. 1911 is exposed through the notch 39 and simultaneously with the exposing of the indication 0ctl'1911V through the notch39, there would be exposed through the notch 37 $1.03, indicating to the owner :that the full value of the certificate is $1.03.

If the form of certificate shown in Fig. 7 is used, and say,

it was issued on Jan. l, 1911, on Oct. 1, 1911, the owner Y not, conditions under VWhich interestV comand is payable. the column of spaces for mences, continues By providing 5 the reception of varying amountsA for which j the interest periods,

the certificate can hev issued, the banker can have a number of different denominations on one form thereby 'overcoming the necessity of having each certificate for an independent amount and as the certificate is provided ivith an interest scale for each de-V nomination or amount for Which the certificate can be issued, it is obvious that the interest can be found with a minimum-ofV mental effort. l

It is obvious that the interest amount indications provide a fixed indication of interest Vamount dueror interest amount and principal due at any one of a plurality of successive interest periods. At maturity of any one of the certificate may be taken up and redeemed by the payment of the principal and the interest then'due. .As the instrument is negotiable, the interest amount indications will lset forth lthe interest value of the certificate at any intermediate period and enables an equitable 1 transfer of the certificates from one party 4to another Without redemption. ^VVhatlclaimis: Y 'f`1. An interestbearing certificate of obli- -gation comprising a body-portion having a vcertificate portion on its obverse face and i' interest amount indicating vportion on its reverse face, the 'certificate portion including indicia for selectively indicating amounts, said interest indicating portion Vhaving in- Tdicia representing periods of elapsed time amount value of the certificate, said cer-v Y certificate portion on its obverse and also indicia representing interest amounts, the interest amount indicia including separate interest amount values-for each tiicate portion having means for permitting visual inspection of both a selected time period and the the selected certificate amount. Vwhen the interest amount portion is folded upon the reverse face of the certificate portion;

An interest bearing ceitificatezof obligation comprising a body-portion having a face and interestpamount indicating portion on its re- Y lated interest amount correlated interest amount forV verse face, the certificate portion including indicia for selectively indicating amounts, said interest indicatingzportion having in-V dicia representing periods ofelapsed time 1 and also indicia representing amounts, the interest amountindicia including separate interest amount values foreach amount value of the certificatefsaid certificate portion having means for'permitting visual inspection vof both aselected time pe-V riod and the correlated interest amount for the selected certificate amount when the interestmamount Vportion isv foldedV upon the 'reverse face of the certificate portion;V

interest mY Y 3. An 4interest hearing certificate of obli- .uit

gation comprising abody-portion having av certificate-portion on .its obverse face and interest amount indicating portion on its reverse face, the certificate portion including indicia .for selectively indicating amounts,

auV

'said interest indicating portionhaving inp dicia representing periods of elapsed time and also indicia firepresenting interest amounts, the-interest amount indicia includling separateinterest amount values for each amount value of the `certicate, said certificate portion having means for permitting visual inspection of 'both a selected time period and the correlated interest amount for the selected certificate amount when the interest amount portion is folded upon the-reverse face of the certificate portion, said Vmea-ns including an Vcei'ticateadjacent the selectedV certificateV amount.

openingV through the Vl 4t. An interest hearing certificatezof vobligation comprising a' body-portion having a certificate portion on its obversefa'ce and an Y interest amount indicating portion on its reverse face, the certificate .portionincluding indiciaffor selectively indicating amounts,

'said interest vindica-ting portion having indicia representing periods of elapsed time and also indicia representing interest.

amounts, the interest amount indicia includling separate interest amount values for each amount valuesof the certificate, @saidn certificate portion having 'Windows therein 'adjacent the certii'icateindicia amounts, the interest' amount portion of the certificate adapted to be folded upon the reverse-face of the? certificate portion `whereby when the vtivo portions areV super-posed visual inspection ofthe selected time periodV and correcLaienircn M. rairrirniiii.

rdata may Abe, had

Copies of 'tlisipatent may befobtained for five cents each,,by-1andressing theiffconiniissner ofPatents, Washngtoin). C. 

